G+T and Minters co-advisors to CMH on SEEK share sale

Deal summary: Gilbert + Tobin and Minter Ellison have acted as co-advisors to Consolidated Media Holdings Limited (CMH) in the sale of its shares in SEEK Limited (SEEK) for $5.05 per share in an…

Lawyers Weekly • 31 August 2009 • Big Law

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Gilbert + Tobin and Minter Ellison have acted as co-advisors to Consolidated Media Holdings Limited (CMH) in the sale of its shares in SEEK Limited (SEEK) for $5.05 per share in an underwritten sell-down to institutional investors.

Prior to this sale Gilbert + Tobin advised CMH as the major shareholder of SEEK on their participation in the placement, share purchase plan and top-up offer by SEEK in April this year.

Key players:

Gilbert + Tobin's team was led by partners Garry Besson and capital markets specialist Janine Ryan (pictured), The Minters team was led by corporate partners John Steven and Bart Oude-Vrielink.

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Commentary:

"This is the second significant underwritten sell-down undertaken in the last week, following the Future Fund's sale of part of its Telstra stake, and reflects continuing institutional willingness to take new equity stakes, either through sell-downs or new equity raisings." Ryan said.

Janine Ryan

Garry Besson

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